Posts tagged Free Market
Obamacare disaster exposes what happens when government is too big not to fail
Obamacare is a crony capitalist vehicle, created in haste, against the will of the majority of Americans, put together by political hacks, enforced by the most hated agency of the United States government, which forced the cancellation of millions of health insurance policies, is “navigated” by people who could in theory be felons, which potentially exposes our personal information to all parts of government, which has made life harder and more expensive for millions, which constitutes a massive tax increase on the middle class, and is named for a man who lied repeatedly over 3 years to the people of the United States about whether they could keep their health insurance plans and doctors. The law stinks.
Obamacare should be repealed. It should be unwound. It, as I’ve said before, should be tossed into the dustbin of history and burned.
This is what happens when a program becomes too big not to fail. We’re looking at it. Obamacare was a huge power grab by the statist establishment. Nationalized healthcare is the holy grail of big government people because if the bureaucrats control your healthcare, ultimately they control you.
But the statists bit off more than they could chew. Obamacare is now dying and suddenly many people who didn’t really think about such things very much are coming to understand why it is that “big government” is a bad thing.
That the program was put together by people who I think it is now clear had no idea what was going on from the outset is amazing. Weren’t the Obamacare folks supposed to be competent? Wouldn’t a responsible leader have stopped or at least changed the direction of the snowball of dysfunction once it was realized that things were not going well, 2 years ago?
The average American is increasingly asking, “Why should I trust my health to these people? Many are also asking, people who didn’t ask it before, “Why should I trust my country to these people?”
In the wake of the of the government shutdown Rachael Maddow actually crowed about how with the end of the government “shutdown” so too had America’s traditional distrust of government ended. Big government is the way forward! Thank God we put Ted Cruz in his place. See I told you we’d beat those evil Tea Partiers. Hurrah for the state! Hurrah for Obamacare, Hurrah for Obama!
It was only a month ago that she was saying this. A month. The world has changed, and the worm has turned for the big government people.
What needs to happen now is that the free market people need to solve the problems in healthcare the American people have legitimate concerns about, specifically a catastrophic health event. This could be a diagnosis of cancer, of a developmental disability in a child, Parkinson’s, the maladies are myriad, and people are right to be concerned that they might find themselves losing everything in bankruptcy on top of a life changing or terminal illness diagnosis.
This fundamentally is the concern of most Americans. It’s not birth control. It’s not “wellness visits.” It’s not prenatal care. It is financial destruction because of sickness.
This is the political nugget. The big government people have sold the American people on the idea that the only way to address this problem is through a massive new government program, which is absolutely false. This problem can be solved through the market.
Bankruptcy due to illness may be the primary concern for everyday Americans, but it’s not for the statists. The big government folks DO want “free” birth control, and wellness visits, and prenatal care, and everything else. The specter of bankruptcy for a middle class family is a valuable tool to motivate people to the national healthcare cause, but its not the primary concern. The main concern is pulling more of the American economy into the sphere of the state.
Right now there is an incredible opportunity to show to the American people how free market solutions could address their primary health concern. A solution needs to be ready to go. Obamacare can’t just die. It needs to be buried by the free market.
Or burned in the dustbin of history. Either one is cool with me.
Image credit: http://www.againstcronycapitalism.org
About Nick Sorrentino
Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.
Central Bank Monetary Cures Cannot Work
Published by Peter Schiff
Peter Schiff on CNBC Europe (11/7/2013)
Listen to The Peter Schiff Show
Live Weekdays 10am to noon ET on http://www.SchiffRadio.com
Peter Schiff: US lost ability to produce, can’t live without debt
Produced by RT
Published on Oct 20, 2013
Addicted to debt, moving from one quick fix to the next — this is how the world sees America’s debt ceiling saga. With its craving only temporarily satisfied, we’re guaranteed to see a rerun of the debt tragicomedy in early 2014. Is it possible to break the vicious cycle, or is it a question of postponing the inevitable? To canvass these issues, Oksana is joined by ‘Dr Doom’ Peter Schiff, an investment broker who predicted the 2008 crisis.
Written by RPI Staff
Ron Paul With Charlie Rose: ‘The Meaning of Non-Interventionism’
Do not miss Ron Paul’s extensive interview on the Charlie Rose show. He gives the best yet definition of his personal philosophy, called “non-interventionism,” which also is the philosophical framework of his Ron Paul Institute for Peace and Prosperity. He also offers important insights on Syria and his amazing new education freedom book.
Video capture added to RPI original post.
Glenn Jacobs (Kane) speaking tour in TN
(if you would like Glenn Jacobs to speak to your group, please e-mail us and let us know!
Mon Aug 26 – 7p – Rutherford Campaign for Liberty - Lanes, Trains, and Automobiles – 450 Butler Drive, Murfreesboro
Sat Aug 31 – 6p – Clarksville Liberty Fest – 430 Warfield Blvd, Clarksville
Tue Sep 3 – 5:30p – Smoky Mountain Tea Party – Blount County Public Library
Friday Sep 13 – 7p – Tri Cities Meeting – Logan’s Roadhouse in Johnson City
Thur Sep 5 – - 6:30p – Sumner United for Responsible Government – Hendersonville VFW – 73 New Shackle Island Rd
Thur Sep 12th – Morristown – TBD
Sep 19-21 – LPAC (with Ron and Rand Paul, Ted Cruz, and others) - Liberty Political Action Conference, Chantilly VA
(H/T) to my friend Matt Collins for sharing this information.
Good job & thanks to:
Hope to see you there!
Ron Paul Would Like to See Glenn Jacobs (aka Wrestler “Kane”) Enter the GOP Senate Race in Tennessee
Ron Paul’s pick for Fed chair: No one
For the record that is our pick too. Interest rates are the most important prices in the economy and they should not be determined by a banking politburo. Markets should set rates, and the economy would be much healthier for it.
(From CNN Money)
“Dr. Paul would prefer we get rid of central economic planning via a central bank. All mentioned candidates believe that one person or a committee has the knowledge to dictate the correct interest rate and rate of growth of the money supply, which they do not.
The main point is that Dr. Paul doesn’t believe the current failed policies of the Reserve would change if any of the mentioned candidates were to become Fed Chair.”
Image credit: http://www.againstcronycapitalism.org
The Next Florida Governor Adrian Wyllie?
Published by NextNewsNetwork
With the presidential elections now behind us, and all the excitement and hoop-la that comes with it, many Floridians are slowly turning their political minds toward the next big election that will have a direct impact on all of them — the 2014 gubernatorial elections. As of our count today there are 18 challengers to the incumbent Governor Rick Scott; 4 Republicans, 4 Democrats, 6 Independents, 2 Libertarians, 1 American Third Position, and 1 undeclared write-in.
With more and more voters disenchanted with the status quo and the continual ruination to our economy and what some see as the continual degradation of rights and expansion of the federal government — people are looking for a change. One such Libertarian candidate looking to bring exactly that for Florida — change, change to established values of freedom and liberty our great nation was founded upon. He was chairman of the Florida Libertarian party until earlier this year when he stepped down to run for Governor. He has been a host of a syndicated AM radio program that focuses on libertarian issues and is an investigative journalist and constitutional activist and our guest today — Adrian Wyllie.
Next News Network’s WHDT World News Program airs daily at 6pm and 11pm Eastern on Comcast, DirecTV and Over-the-Air and Online at http://usmediavault.com/WHDT.html
During The Best Period Of Economic Growth In U.S. History There Was No Income Tax And No Federal Reserve1
During The Best Period Of Economic Growth In U.S. History There Was No Income Tax And No Federal Reserve
How would America ever survive without the central planners in the Obama administration and at the Federal Reserve? What in the world would we do if there was no income tax and no IRS? Could the U.S. economy possibly keep from collapsing under such circumstances? The mainstream media would have us believe that unless we have someone “to pull the levers” our economy would descend into utter chaos, but the truth is that the best period of economic growth in U.S. history occurred during a time when there was no income tax and no Federal Reserve. Between the Civil War and 1913, the U.S. economy experienced absolutely explosive growth. The free market system thrived and the rest of the world looked at us with envy. The federal government was very limited in size, there was no income tax for most of that time and there was no central bank. To many Americans, it would be absolutely unthinkable to have such a society today, but it actually worked very, very well. Without the inventions and innovations that came out of that period, the world would be a far different place today.
It is amazing what can happen when the government just gets out of the way. Check out all of the wonderful things that Wikipedia says happened for the U.S. economy during those years…
The rapid economic development following the Civil War laid the groundwork for the modern U.S. industrial economy. By 1890, the USA leaped ahead of Britain for first place in manufacturing output.
An explosion of new discoveries and inventions took place, a process called the “Second Industrial Revolution.” Railroads greatly expanded the mileage and built stronger tracks and bridges that handled heavier cars and locomotives, carrying far more goods and people at lower rates. Refrigeration railroad cars came into use. The telephone, phonograph, typewriter and electric light were invented. By the dawn of the 20th century, cars had begun to replace horse-drawn carriages.
Parallel to these achievements was the development of the nation’s industrial infrastructure. Coal was found in abundance in the Appalachian Mountains from Pennsylvania south to Kentucky. Oil was discovered in western Pennsylvania; it was mainly used for lubricants and for kerosene for lamps. Large iron ore mines opened in the Lake Superior region of the upper Midwest. Steel mills thrived in places where these coal and iron ore could be brought together to produce steel. Large copper and silver mines opened, followed by lead mines and cement factories.
In 1913 Henry Ford introduced the assembly line, a step in the process that became known as mass-production.
When hard working, industrious people are given freedom to pursue their dreams, great things tend to happen. The truth is that we were all designed to create, to invent, to build, and to trade with one another. We all have something that we can contribute to society, and when families are strong and the invisible hand of the free market is allowed to work, societies tend to prosper.
It is not a coincidence that the greatest period of economic growth in U.S. history was between the Civil War and 1913. The following information comes from Wikipedia…
The Gilded Age saw the greatest period of economic growth in American history. After the short-lived panic of 1873, the economy recovered with the advent of hard money policies and industrialization. From 1869 to 1879, the US economy grew at a rate of 6.8% for real GDP and 4.5% for real GDP per capita, despite the panic of 1873. The economy repeated this period of growth in the 1880s, in which the wealth of the nation grew at an annual rate of 3.8%, while the GDP was also doubled.
Wouldn’t you like U.S. GDP to double over the course of a decade now?
So why don’t we go back to a system like that?
In 1913, the Federal Reserve and a permanent national income tax were introduced. Today, the unelected central planners at the Federal Reserve totally run our financial system and the U.S. tax code is about 13 miles long. The value of our currency has declined by more than 96 percent since 1913, and the size of our national debt has gotten more than 5000 times larger.
Meanwhile, control freak bureaucrats seemingly run everything. Almost every business decision is heavily influenced either by taxes or by the millions of laws, rules and regulations that are sucking the life out of our economic system.
My favorite example of how suffocating red tape in America has become is the magician out in Missouri that was forced by the Obama administration to submit a 32 page “disaster plan” for the rabbit that he uses during his magic shows for kids.
It is no wonder why we don’t have any economic growth. The central planners in the federal government are killing our economy.
And the central planners over at the Federal Reserve are killing our financial system. In school we are taught that the Fed was created to bring stability to our financial system, but the truth is that they have been responsible for financial bubble after financial bubble, and now Federal Reserve Chairman Ben Bernanke has created the largest bond bubble in the history of the world. When that thing bursts, and it will, we are going to see financial carnage on an unprecedented scale.
Image credit: http://theeconomiccollapseblog.com
Posted by Robert Wenzel
The Yin and Yang of Government Power
One of the areas where government would like to have absolute control is in the area of money creation. By having control of money creation, the government can, of course, control a monetary spigot that allows it to spend well beyond its ability to the raise funds via taxation and borrowing.
That said, it is instructive to understand the many ways the free market is attempting to circumvent government monopoly of money control. It is an object lesson in understanding that government is not all powerful and that there is a yin and yang to government power. At times, there can be a major jump in government power in a sector, but, over time, a counter response from the free market can occur that is difficult for the government to understand and defeat. Below is an important TED talk delivered by Paul Kemp-Robertson. He discusses the many points of free market responses to government money. He is a little weak in understanding completely how and why these currencies are emerging and doesn’t seem to understand their emergence in relation to Ludwig von Mises’ Regression Theorem, but it is a solid tour of the early-stage free market counter punch to government money.
Taken with a wide spectrum view, it is a great sign of hope that shows how free markets can emerge to counter government power.
Follow more of Robert’s posts here.
Posted by Robert Wenzel
The Best Introduction to Austro Libertarianism Ever Given
Walter Block writes:
Tom Woods gave the opening address for the Mises University of 2013 last night.. In my opinion, this was just about the best introduction to Austro libertarianism ever given.
I fully concur. This one is for the ages.
The Attractiveness of Austrian Economics | Thomas E. Woods, Jr.
Video location: https://www.youtube.com/watch?v=DStLhWMRERM#at=1116
Published by misesmedia
Video Information: Archived from the live Mises.tv broadcast, this lecture was presented by Tom Woods at the 2013 Mises University, hosted by the Ludwig von Mises Institute in Auburn, Alabama, on 21 July 2013.